20 Jun Govt may raise tax exemption limit to Rs 5 lakh
The government is considering raising the tax exemption limit to Rs 5 lakh in the new regime, aiming to boost consumption by providing more disposable income to lower earners. ...
Fiscal Policy Tag
15 Apr Income Tax Department Cracks Down on Unfiled Returns: 1.52 Crore Individuals Targeted
The Income Tax Department is launching a campaign to target individuals who haven't filed their income tax returns (ITR) despite meeting filing requirements....
13 Apr Maharashtra: The Leading State in GST Contribution at 19.6% and Per Capita Consumption Spending
In the realm of GST collection, Maharashtra emerges as the primary player, contributing 19.6% to the national pool in the fiscal year 2024...
02 Apr Madras High Court Invalidates GST Assessment Over ITC Disparity
In a significant ruling, the Madras High Court addressed the validity of a GST assessment order in the case of Sri Lakshmi Silvers versus The State Tax Officer, Gugai Circle, Salem....
16 Mar Interim Budget Updates to Goods and Services Tax
The announcement of GST Amendments in the Interim Budget brings forth significant changes in the taxation landscape, marking a pivotal moment for both businesses and individuals....